EURUSD More USD Strength, Watch For Sell Setups

EURUSD is shaping up for more downside opportunities as the price action is showing very clean bearish development.

After the double tops, price begin to reverse from the ascending channel reversal. With bearish price in the lower time frames.

WE can see price has finally impulse out of the structure and formed a continuation correction, also formed a Head and Shoulder pattern as well.

All these are good confluences to wait for more sell setups to form on the lower time frames to give further opportunities to the downside.

Yorum:

possible Completion of the right shoulder,
more downside possible, wait for breakdown and continuations